Budget and Dues
Each year, SRA completes a comprehensive budget process that begins in spring and culminates with a community vote at the Annual General Meeting in late fall. Operating and Restricted Reserve budgets are prepared. Town Hall meetings are held to obtain community input before budgets are finalized and approved by the SRA board and submitted to the community.
Reserve Studies model long-term funding needed to maintain SRA capital assets like gates and roads, based on inputs and estimates provided by the Maintenance Committee. SRA commissions these studies on an annual basis to ensure that we are collecting sufficient dues to maintain an adequate reserve fund.
To fund the annual budgets, SRA community members receive a dues assessment each year. Dues are paid in two installments, one in January and one in July.
How Dues are Determined
The annual Operating and Restricted Reserve Budgets establish the total dues collections for each year. Dues assessments to individual SRA property owners are based on the type and size of their property. This determination is articulated in the CC&Rs and laid out in a summary table.